Business with Egypt
Usually, by the time the entrepreneur contacts and tells the notary that they are starting a Company in Egypt, the legal work is well under way. The transaction usually proceeds using a Power of Attorney in favour of a foreign lawyer. Nevertheless, it is the back story to the notarial transaction that is so interesting. So, what do we know – or need to know? What type of legal entity is to be registered? Is the new enterprise an investment or a trading company?
As always, there is plenty of data and information online; for example, our soon-to-be trading-in-Egypt client, may like to read How To Start A Company In Egypt? 24 July 2020 by Sadany & Khalifa Law Firm * This feature tells us which Egyptian Companies laws regulates company formations, the ways of investments, types of companies and the requirements for establishing a company in Egypt. The article goes on to discuss the General Authority for Investment and Free Zones, the New Investment Law, the Capital Market Law and executive regulations in connection with the regulation and management of the company
It seems there are many kinds of companies that can be formed in Egypt, the most common legal forms used by investors in Egypt are:
- Branch of a Foreign Company
- Joint Stock Company (JSC); or
- Limited Liability Company (LLC)
- One Person Company; and
- Representative office.
* Other sources available, no recommendation is inferred